The Federal Deposit Insurance Corporation (FDIC) issued a statement saying, "As the receiver of Signature Bank and Silicon Valley Bank, it will sell the securities portfolios from these two institutions, the portfolios of these two institutions have a face value of approximately $27 billion. $87 billion. The FDIC said it had hired BlackRock Financial Market Advisory to conduct the portfolio sale, which would be gradual and designed to minimize the likelihood of any adverse impact on market functioning by taking into account day-to-day liquidity and trading conditions. "